The global cellulose fiber market is projected to grow at a compound annual growth rate (CAGR) of 4.2% from 2022 to 2032. It is estimated that the market will be valued at US$3,825.6 million in 2022 and is expected to reach US$5,772.7 million by 2032.
The market growth can be attributed to the shift of major corporations towards eco-friendly and biodegradable fibers. This transition is driving the demand for cellulose fiber worldwide and is anticipated to be a key driver of market growth in the coming years.
Cellulose fibers are extensively used in the textile and garment industries, which has contributed to the expansion of these industries on a global scale. The increasing demand for cellulose fiber is expected to further propel the growth of the cellulose fiber market in the foreseeable future.
Cellulose fiber is produced through various processes and chemical reactions using wood pulp derived from plant bark, leaves, and wood. Examples of cellulose fibers include viscose, flax, rayon, and cotton. These fibers find wide applications in textiles, clothing, and filters.
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While wood pulp can be used to create synthetic or man-made fibers, the production of cellulose fibers involves mechanical and chemical processing. The market for cellulose fibers is driven by the demand for three popular types of rayon: triacetate, viscose, and acetate. These cellulose fibers are utilized across various industries.
In summary, the growth of the cellulose fiber market is expected to be driven by the increasing adoption of eco-friendly and biodegradable fibers, along with the expansion of the textile and garment industries. The demand for cellulose fiber is projected to continue growing in the coming years.
Report Highlights
The propelling attention of the world on searching for environmentally friendly and biodegradable fiber is one of the primary factors complementing the cellulose fiber market expansion.
Constant changes can be witnessed in climate, rising environmental pollution and sustainability have gained traction, and an increasing number of businesses are attempting to transition away from the traditionally utilized petrochemical-sourced fibers, which emit enormous amounts of carbon into the environment.
As a result, cellulose fibers are gaining rapid demand, which is expected to propel further across the assessment period, offering a boost to the cellulose fiber market’s growth. In addition to that, increased urbanization and consumer purchasing power, there is a shift from need-based to aspiration-based purchases, which is driving up demand for textiles and apparel.
Recent Developments
Cellulose fibers are massively utilized within the textile industry, resulting in the rise of per capita income and increase in consumer spending throughout the world are driving the growth of the textile and clothing sector, which is expected to drive the growth of the cellulose fiber market during the evaluation period.
The high cost of cellulose fiber has been a major impediment to the expansion of the global cellulose fiber industry. Moreover, the price of raw materials used in the production of cellulose fiber is volatile and changes on a regular basis, limiting their use in large-scale companies.
The global cellulose fiber industry is known as highly capital-intensive owing to the significant investment in knowledge and cash. The industry’s biggest barrier is known as the large investment in research and development efforts for generating new technologies or products. Furthermore, frequent changes in raw material prices, diminishing cotton supply, and rigorous environmental regulations regarding forests imposed by governments around the world pose significant challenges to the sector.
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Competitive Landscape
The cellulose fibers market comprises some key players such as Sappi group, Birla Cellulose, Tembec Inc., The Lenzing Group, Thai Rayon Public Co. Ltd., Tangshan Sanyou Group Xingda Chemical fiber Co. Ltd., Fulida Group Holding Co., LTD., Ioncell, Bacterial Cellulose Solutions, Manasi Aoyang Technology Co. Ltd.
In 2022, Sappi committed to being a part of the solution and is working to decarbonize its operations. It will cease the use of coal at its German location in Stockstadt as the next step in its long-term global commitment to climate preservation and sustainable production. To that purpose, the mill’s current coal-fired Boiler 9 will be dismantled, and the mill will run solely on renewable biomass and natural gas.
More Insights into the Cellulose Fiber Market
The North American region is expected to dominate the global cellulose fiber market over the assessment period. The region is predicted to account for approximately 23% of the global market.
Key Players:
- Sappi Group
- Birla Cellulose
- Tembec Inc.
- The Lenzing Group
- Thai Rayon Public Co. Ltd.
- Tangshan Sanyou Group Xingda Chemical Fiber Co. Ltd.
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Key Segments Profiled In the Global Cellulose Fiber Market Report
Cellulose Fiber Market by Process of Manufacturing:
- Natural Cellulose Fiber
- Plant-based
- Cotton
- Flax (Linen)
- Jute
- Wood-based
- Animal-based
- Alpaca-based
- Silk-based
- Manufactured Cellulose Fiber:
- Semi-Synthetic
- Rayon or Viscose
- Modal
- Synthetic
- Nylon
- Polyester
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